Forbes Lists

Numbers

Valuation Breakdown

280.0,479.0,249.0,179.0

Sport9

$280 M

Market10

$479 M

Stadium11

$249 M

Brand12

$179 M

Profile

In June 2014, the Heat and Miami-Dade County agreed to a new deal for AmericanAirlines Arena, the county-owned building that is home to the NBA team. The terms: the $6.4 million in hotel taxes that Miami-Dade currently pays the Heat annually as an operating subsidy will continue as planned until the end of the current deal in 2030, then increase to $8.5 million a year for an extra five years. The new agreement also retires a profit-sharing arrangement that was a central part of the 1997 agreement that provided for the Heat to finance construction of the 19,600-seat arena, and then pay itself back with interest out of arena profits. Due to those deductions and other provisions in the contract, the Heat has shared arena profits with the county only once, when it wrote a check to Miami-Dade in 2013 for less than $270,000. The county received no profit-sharing money in 2014 thanks to heavy spending on arena upgrades by the Heat. The Heat will contribute $1 million annually to county parks under the new lease agreement. More »

While many teams are awaiting the start of the 2015 NBA Free Agency period with their checkbooks in hand hoping to lure some of the top crop of talent to their franchise, the Miami Heat will be hoping to bring back some of their own.

Dwyane Wade, who was scheduled to make $16.1 million next season, decided not to pick up his option with read »

Twelve months ago LeBron James wrote a love letter to Northeast Ohio published in Sports Illustrated where he announced his return to play for the Cleveland Cavaliers after four seasons with the Miami Heat. “I want to give them hope when I can. I want to inspire them when I can. My relationship with Northeast Ohio is bigger than basketball. I read »

In 2014, FanDuel announced an exclusive 4-year deal with the National Basketball Association, which included the NBA gaining an equity stake in the daily fantasy sports company. Today, it will unveil multi-year partnerships with 13 NBA teams, demonstrating a true dedication to marketing and promoting its daily fantasy offering to read »

When it was all said and done, the Golden State Warriors were more than LeBron James and the Cleveland Cavaliers could handle. For the first time since 1975, the Warriors are NBA Champions after defeating the Cavs 4-2.

There is lots of talk about who the biggest winners and losers are in the read »

UPDATED (June 6 at 3:30pm ET) – With final TV ratings numbers out from Nielsen, a record 18.8 million viewers watched the game. Article updated with additional information such as streaming to WatchESPN.

The Golden State Warriors mounted a fierce drive in the final minutes of regulation to push Game 2 of the NBA Finals read »

After less than a year on the market, basketball star LeBron James has found a buyer for his Miami home. The 16,700-square-foot home is currently under contract, sources tell Forbes, though they would disclose neither the purchase price nor the buyer’s name.

It had all the makings of a classic series with NBA MVP Stephen Curry and the game’s premiere player LeBron James coming into Game 1 of the NBA Finals, and it didn’t disappoint. Game 1 of the 2015 NBA Finals, in which the Golden State Warriors defeated the Cleveland Cavaliers in an overtime thriller 108-100 pulled in a whopping 12.9 overnight read »

On Tuesday evening, an annual event known as the NBA Draft Lottery determined the order of teams set to select the first fourteen picks during the 2015 NBA Draft. It is an event outside of the field of play that has generated almost as much attention as the actual games played. Ping-pong balls have been drawn and the read »

Last year, the Indiana Pacers found themselves in a National Basketball Association (NBA) showdown with the Miami Heat. As the regular season was winding down, a game hyping the #BeastsoftheEast would determine the Eastern Conference’s top seed. The Pacers took the game with a narrow 84-83 victory.

It has been a long time since Arsenal fans have approached a season with such high hopes. A settled squad – so far goalkeeper Petr Cech is only significant signing – well balanced and with a number of options at each position…..except one. read »

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Revenue and operating income are for 2013-14 season and net of revenue sharing and arena debt service.

Value of team based on current arena deal (unless new arena is pending) without deduction for debt (other than arena debt).

Net of arena revenues used for debt payments.

Earnings before interest, taxes, depreciation and amortization.

Includes arena debts.

Includes benefits and bonuses.

Includes club seats.

Compares the number of wins per player payroll relative to the rest of the NBA. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2013-14 season.

Local revenues divided by metro population with populations in two-team markets divided in half.

Portion of franchise's value attributable to revenue shared among all teams.

Portion of franchise's value attributable to its city and market size.